State Secretariat for Economic Affairs SECO

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Organization for Economic Co-operation and Development (OECD)

Château de la Muette, headquarter to the OECD
Château de la Muette, headquarter to the OECD, © OECD

What is the OECD?

  • Established in 1961
  • Headquartered in Paris
  • 34 member countries
  • Annual budget of EUR 354 million
  • Secretariat staff 2,500
  • 250 publications per year

What does the OECD do?

The mission of the OECD is to help its member countries to:

  • Support sustainable economic growth
  • Boost employment
  • Raise living standards
  • Maintain financial stability
  • Assist other countries' economic development
  • Contribute to growth in world trade

How does the OECD work?

The governments of member countries meet regularly in committees to :

  • Compare experiences ("peer reviews")
  • Seek solutions to common problems
  • Identify good practices
  • Develop international standards
  • Coordinate their national and international policies

The OECD and its secretariat collect data, analyse and forecast economic and social trends and developments.

What benefits does the OECD offer Switzerland?

  • International platform for advocating Switzerland's interests
  • Opportunity to be involved in defining international standards
  • Peer learning
  • Arguments for structural reforms which are necessary but politically difficult
  • Areas of particular interest: investment, competition, tax, development, health and innovation

The future of the OECD

  • Status quo: risks losing influence and economic clout to new actors
  • Aim: globalisation hub
  • Three candidate countries for accession:  Russia, Colombia, Latvia
  • Intensified cooperation in view of opening discussions in 2015 for possible accession: Costa Rica and Lithuania
  • Enhanced engagement with the "global players" of tomorrow: Brazil, China, India, Indonesia, South Africa

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State Secretariat for Economic Affairs SECO
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http://www.seco.admin.ch/themen/00513/00527/index.html?lang=en